The Leading Economic Index fell in July and August, rose in September, and fell again in October. Based on this, we should expect a recession in the near future.

Question

Quizplus · Accepted Answer

The Leading Economic Index (LEI) is a predictive tool that looks at a variety of economic factors to forecast future economic activity. While a decline in the LEI can suggest potential economic slowdowns, short-term fluctuations like those described do not necessarily predict a recession. Recessions are typically identified by a broader and more sustained decline in economic activity across multiple sectors.

The Leading Economic Index Fell in July and August, Rose